Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1

20212020201920182017Sales$ 573,756$ 375,004$ 296,446$ 208,032$ 157,600Cost of goods sold289,478189,252151,623105,86678,800Accounts receivable27,94221,93820,30712,19110,764

Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.